Hotels / Motels / Cruise Lines
China Investments Holdings Ltd:Expects to record a loss for FY 2013 as compared to a profit for FY 2012.
Home Inns & Hotels Management Inc:Signs a legally binding memorandum of understanding to acquire 100pct ownership of Yunshang Siji Hotel Management Company from Kunming Department Store (Group) Co.Purchase price of 230 mln Yuan.Transaction is expected to close on Apr. 1.
Taoyuan Hotel Co Ltd:To pay no dividend to shareholders for fiscal year 2013.
Shanghai Jin Jiang International Hotels Development Co Ltd:Resolved to cancel its plan of issuing up to 1.6 bln yuan worth of corporate bonds, which was initially announced on June 8, 2013, due to high financial costs.
Rosedale Hotel Holdings Ltd:Says based on the preliminary assessment of the consolidated management accounts.For FY 2013 it expects the group to record a significant profit after taxation as compared with the loss for FY 2012.Such expected profit was mainly attributable to the gain on deemed disposal of 80 pct equity interest in Rosedale Hotel Beijing Co Ltd which was completed in Nov 2013.